The government agreed with oil companies

Fuel prices fixed at the level of June until the end of 2018. This was at the end of the meeting with oil companies, said Deputy Prime Minister Dmitry Kozak, reports TASS.

“The parties have agreed that all vertically integrated companies, as well as all the independent refineries have made commitments on the supply of gasoline and diesel in amounts which are recorded as of the month in 2017, plus 3%”, — said the Cossack.

According to him, the oil companies have made commitments. He also noted that in 2019, the prices will grow above inflation. The government reserves the right to apply protective duties or to introduce licensing of export, if the agreement will not be executed.

Dmitry Kazak considers that the situation in the fuel market of Russia was provoked artificially, independent media fought for lower wholesale prices. “I think we will soon stabilize the situation and in the wholesale and retail segment of the market,” he added.

Earlier, Prime Minister of Russia Dmitry Medvedev has issued an ultimatum to the oil companies due to the sharp rise in gasoline prices. He said that if the authorities are unable to agree, to curb prices on the domestic market will be closed the possibility of exporting.

The latest jump in oil prices was recorded in may of this year. To stop this, the government canceled a planned increase in excise taxes and threatened to raise export duties on oil and oil products.